NOT LISTED FOR SALE

2074 N Highland St Orange, CA 92865

5 Beds
4 Baths
4,744 Sq Ft
8,840 Sq Ft Lot

Last Sold April 22, 2019

Last sale price $1,475,000 $311 Per Sq Ft

59 Days on Market

Highlights

  • Property is near public transit
  • Villa Park High School Rated A
  • Laundry Room

About This Home

As of April 2019

The Highland Street Apartments is a four unit apartment building located in the strong rental market of Orange, California within the Greater Orange County area. The property has a desirable unit mix which consisting of (1) large three bed/ two bath unit and (3) two bed/ two bath units totaling 4,744 square feet, situated on a 8,840 square foot lot. The building has recently gone through extensive interior and exterior renovations and offers tenants several amenities which include: on-site enclosed garage parking, an on-site laundry room, and spacious courtyard with BBQ area.

This offering presents an opportunity for an investor to acquire a Pride of Ownership, low expense, stable investment in the desirable rental market of Orange. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 02/01/2019

Last Buyer's Agent

Jamie Huang

Sky Chain Realty License #01707767

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 8,840 Sq Ft Lot
  • No Common Walls

Parking

  • 5 Car Garage

Interior Spaces

  • 4,744 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5086
  • Assessor Parcel Number 37213201

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,250
  • Fuel Expense $1,250
  • Insurance Expense $1,376
  • Trash Expense $1,250
  • Water Sewer Expense $1,250
  • New Taxes Expense $16,445
  • Operating Expense $26,521
  • Gross Income $100,140
  • Net Operating Income $71,616

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1250.00
  • Property Type: Residential Income
  • Parcel Number: 37213201
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 8840.00
  • Lot Size Acres: 0.2029

Multi Family

  • Electric Expense: 1250.00
  • Fuel Expense: 1250.00
  • Gross Income: 100140.00
  • Gross Scheduled Income: 99300.00
  • Insurance Expense: 1376.00
  • Lot Size Area: 8840.0000 Square Feet
  • Net Operating Income: 71616.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26521.00
  • Other Income1: 840.00
  • Rent Control: No
  • Total Expenses: 26521.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16445.00
  • Tax Census Tract: 758.11
  • Tax Lot: 10
  • Tax Tract Number: 5086

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2019 04/22/19 Sold $1,475,000 -1.3% $311 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $1,495,000 -- $315 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Bassirpou

    Seller's Agent in 2019

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    32 Total Sales

    Greg Bassirpou
    Section Image
  • Jamie Huang

    Buyer's Agent in 2019

    Jamie Huang

    Sky Chain Realty

    (626) 757-7108

    1 in this area

    38 Total Sales

    Jamie Huang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19024562

California Regional Multiple Listing Service (CRMLS)

APN: 372-132-01

California Orange County Orange 92865

2074 N Highland St, Orange, CA

This home is located at 2074 N Highland St, Orange, CA 92865 since 01 February 2019. This property was built in 1968. 2074 N Highland St is a home located in Orange County with nearby schools including Taft Elementary School, Cerro Villa Middle School, and Villa Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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